Texas Finance Code 125.302 – Loans to Nonmember Trustee
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 125.302
- Fiduciary: A trustee, executor, or administrator.
- Rule: includes regulation. See Texas Government Code 311.005
- Trustee: A person or institution holding and administering property in trust.
Subject to limitations imposed by this subtitle or a rule adopted under this subtitle, a credit union may make a fully secured loan to a nonmember trustee to enable the trustee to perform or assist the trustee in performing the trustee’s fiduciary responsibilities.